Dynamic Technology Lab Private Ltd Invests $2.51 Million in Cheniere Energy, Inc. $LNG

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 10,670 shares of the energy company’s stock, valued at approximately $2,507,000. Cheniere Energy makes up about 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th largest position.

Several other large investors have also made changes to their positions in the company. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Cheniere Energy in the third quarter worth approximately $2,335,000. Ameriflex Group Inc. raised its position in Cheniere Energy by 7.3% during the third quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after acquiring an additional 47 shares in the last quarter. Blair William & Co. IL lifted its stake in Cheniere Energy by 8.3% in the third quarter. Blair William & Co. IL now owns 56,867 shares of the energy company’s stock valued at $13,363,000 after acquiring an additional 4,342 shares during the last quarter. HUB Investment Partners LLC grew its position in Cheniere Energy by 34.3% in the third quarter. HUB Investment Partners LLC now owns 5,259 shares of the energy company’s stock worth $1,236,000 after acquiring an additional 1,344 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Cheniere Energy in the third quarter worth approximately $400,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $254.77 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The firm has a fifty day simple moving average of $213.30 and a 200-day simple moving average of $216.99. The stock has a market capitalization of $53.55 billion, a price-to-earnings ratio of 10.48 and a beta of 0.25. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $259.24.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. Cheniere Energy’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted $4.33 EPS. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy declared that its board has authorized a stock repurchase program on Thursday, February 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 9.14%.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. Barclays raised their price target on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. Royal Bank Of Canada cut their target price on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. UBS Group boosted their price target on Cheniere Energy from $277.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $264.89.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.